Pedro Sanchez Advocates Against Trade War During Meeting with Xi Jinping

Spanish Prime Minister Pedro Sanchez met Chinese President Xi Jinping, expressing hopes that the European Union can avoid a trade war with China. Amid discussions on tariffs on China-manufactured electric vehicles, Sanchez urged for a fair trade order and sought negotiated consensus at the World Trade Organization. He emphasized cooperation with China to maintain economic and trade relations.

Spanish Prime Minister Pedro Sanchez met with Chinese President Xi Jinping on Monday, aiming to prevent a potential trade war between the European Union and China. Sanchez stressed the importance of avoiding additional EU tariffs on Chinese electric vehicles, stating that such measures are 'challenging' and advocating for a negotiated consensus at the World Trade Organization, according to a government source.

'A trade war would benefit no one,' Sanchez remarked, emphasizing the need for a level playing field and cooperative efforts with Chinese companies. He highlighted concerns over frictions triggered by an EU investigation into Chinese electric vehicles, followed by China's own probes into European pork and dairy subsidies.

Sanchez also sought reassurance that China would not retaliate by imposing tariffs on imported gasoline-powered cars, potentially impacting major employers like automaker SEAT. The prime minister reiterated Spain's commitment to defending a fair trade order and strengthening economic ties with China.

(With inputs from agencies.)